Global
Society (Global)
"SK hynix to Create 7,000 Jobs"... U.S. City with 45,000 Residents Abuzz
West Rapier, a college town in the U.S. Midwest with a population of approximately 45,000, is transforming into a cutting-edge semiconductor hub following the construction of SK hynix’s high-bandwidth…
Management
Kwak No-jeong: “AI Is Changing the Memory Cycle… Even If a Downturn Comes, It Will Be Different from the Past”
Kwak No-jeong, President and CEO of SK hynix, predicted that the long-standing boom-and-bust cycle of the memory semiconductor market will undergo a structural shift due to the spread of artificial in…
Management
SK Hanik to Produce Hundreds of Thousands of 'Made in USA' HBM Chips… Investing Over 5 Trillion Won
SK hynix is investing more than $4 billion (approximately 5.515 trillion won) to establish an annual production capacity of hundreds of thousands of wafers of High-Bandwidth Memory (HBM) in the United…
Policy
"I'm so frustrated I could die"... Will the 'Silent Wash' Speak Up Tonight?
Kevin Warsh, Chairman of the U.S. Federal Reserve (Fed), is set to take the stage at Jackson Hole for the first time since taking office. The market is on tenterhooks, waiting to see if he will finall…
Finance
[Market In] Will the OTC Exchange for Fractional Investment Launch This Year? Official Approval Expected Next Month
The official licensing review for an over-the-counter (OTC) exchange for fractional stock investments is expected to take place this September. With the matter anticipated to be on the agenda for the …
Society (Global)
Major Floods in Nepal… 19 Dead, 384 Missing, Including a South Korean
Massive flooding in north-central Nepal has left 19 people dead and hundreds missing. Eight of the missing foreigners are reported to be South Koreans.
Local residents look at homes submerged in mu…
Management
Huawei and HP Sign Mutual Wi-Fi Patent Licensing Agreement
China’s Huawei has signed a cross-licensing agreement for Wi-Fi-related patents with U.S. computer manufacturer HP.
Photo: Huawei Korea
According to a report by the Hong Kong South China Morning…
Funds
Cosmetics Stocks Thrive While Semiconductors Stumble… Third-Quarter Earnings Forecasts Also ‘Soar’
While semiconductor stocks have paused for a breather, cosmetics stocks are surging sharply. Since the start of this month, the stock prices of COSMAX, INC., KOLMAR KOREA, and SILICON 2 Co.,Ltd. have …
Economic Indicators
South Koreans’ Annual Salaries and Hourly Wages Plunge… The Raw Reality as Seen Through the Big Mac Index
It has been revealed that U.S. workers can buy 10,215 Big Macs with one year’s worth of income. This is the highest number among the 32 countries surveyed. South Korea ranked 8th overall, but when mea…
Around the World
"It's 37,000 won per roll?"… Korean Bulgogi Gimbap Is a "Huge Hit" at the U.S. Open
At the U.S. Open, the final tennis tournament of the season being held in New York City, Korean-style bulgogi gimbap—priced at $28 (approximately 37,400 won) per roll—is proving popular among visitors…